Larry, " ... a huge brick wall of MMs sitting on the ask at $5..." ... THIS statement constitutes the WISHFUL thinking of one who is short the stock.
No, the 'brick wall' showed itself to be mostly retail, and have no depth. The MMs of note recently, who were often deeper than they showed (INCA,JPMS), either less deep (INCA) or NONEXISTENT (JPMS).
Once the longs figure out that CC has little left, if any, to sell, without going naked (something they have shown LITTLE desire to do, and we do NOT expect to see this) on a new short position, especially at this price, THEN more longs will jump on board and pound the ask, and we'll REALLY see how 'big' your 'brick wall' is. LOL!
IT IS OVER, Larry. Move on. |
